Page:Indian Journal of Economics Volume 2.djvu/270

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S?aN?EY JEVON$ ing for the works to come ?o financial maturity. I do no? say ?ha? i? is impossible to educate ?he public ? a full understanding of ?he principles of economic development; bu? i? mus?, in any country, be a slow and lengthy process, needing a campaign of propaganda lectures and literature extending over very many years. The second way of overcoming ?he weakness of popular governmen? in regard ?o economic development? is ?o convince ?he people and ?heir representa?i?,es no? only ?ha? scientific developmen? by means of an ordered program is enormously important, bu? also ?ha? i? is au inherently complex and difficul? business--?ha? i? needs experts ? devise a program, make ?he necessary comprehensive plans, and arrange ?he finance, and ?hat? ?he Jayma n canno? hope ? understand i? all and had be?er en?rus? ?he future of his country in ?h. is respec? ?o a body of experts. Having once carefully appointed ?heir body of experts, ?he popular representatives should be prepared ?o allo? ?hem a sufficien? part of ?he revenues of ?he s?a?e, and ?he righ? of raising loans ?hereon, to enable ?hem ?o ca?y ou? a consistent? % policy of development, or con?rol ?he carrying of it? ou? by ?he executive departments of ?he government. In ?he case of a con?rolling governmen? ?he ma?er is simpler. I? has already ?he power and practice of disposing Of ?he revenues of ?he country according to i?s own bes? ',iudgmen?; and if such a govevnmen? learn ?he principles of economic developmen? and ?he immense advantages of applying them, it body of oxpor?s for the purpose. can easily appoin? i?s A con?rolling govern. ment, beaurocratic or autocratic, is perh6ps better situated in regard to securing the economic development of a country than any democratic government is likely to be. It can regard the economic development of its wide territories as a business proposition, just as a landlord may regard the develol?ment of his estates.